USBC files draft information statement for potential reverse stock split
USBC, Inc.
USBC, Inc. USBC | 0.00 |
- USBC shareholders authorized a reverse stock split of the company’s common stock, with the ratio set between 1-for-2 and 1-for-5.
- The company will retain 750,000,000 authorized common shares, even as issued and outstanding shares are reduced from 388,144,429.
- The board can set the final ratio and timing, with the reverse split permitted to take effect within 12 months of June 15, 2026.
- Fractional shares will be eliminated through rounding up to the next whole share.
- The reverse split would keep the NYSE American listing symbol as USBC, with a new CUSIP assigned for the post-split shares.
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